Is Inflation going to be sustainable?

By: Lucinda Mavuso  

Economists weigh in on inflation prospects under Trump administration: On Newsweek, Professor of Economics, Robert J. Gordon, at Northwestern University posits that “Trump's own policies will raise the inflation rate, both because of tariffs and the deportation of illegal immigrants.” Consumers might not see the impacts but the prices of essentials like gasoline and groceries will gradually increase. Also, the deportation of illegal immigrants will force businesses to spend more money on wages because of the shortage of cheap labor. As students, these rising prices could impact our ability to afford and spend our money and hence such policies should be taken into consideration. Do you think of inflation as a problem? Do you remember the cost of loaf bread in high school? Send to lucindamavusowtn@gmail.com

Financial Literacy Programs at the City Colleges of Chicago: CCC has great resources on financial literacy that range from student debt and loans to courses and tools. I believe that if one aspires to be wealthy, they have to be financially literate and this site is a good start https://researchguides.ccc.edu/c.php?g=1270993&p=9323272

To quote a great finance book, Rich Dad Poor Dad,  by Robert Kiyosaki explains that “A person can be highly educated, professionally successful, and financially literate.”  His book laid the platform for my financial education and his advocacy for financial literacy has helped millions worldwide.

Spirit Airlines filed for bankruptcy: One of the country's low-cost carriers filed for Chapter 11 bankruptcy on Monday, Nov. 18. Chapter 11 bankruptcy means the business is operating with the prospects of continuing as a viable business in the foreseeable future. Spirit Airlines' balance sheet is highly leveraged with a total debt-to-total equity ratio of 607.80 as of June 2024. This is slightly higher as compared to its industry peers. I think price increases for the airline are inevitable but hopefully, it will come out on the other side successfully after the restructuring plan in 2025.